Your 2019 – 2020 Tax Planning Guide

As we face the last quarter of 2019, SIMA continues its commitment of informing our clients of new and existing laws that are relevant to them. Further, we strive to be proactive in reducing your business and personal tax liabilities. The planning guide below is designed to support our clients and assist you with the…

IRS reminder: Tax scams continue year-round

IR-2019-104, June 5, 2019 WASHINGTON – Although the April filing deadline has passed, scam artists remain hard at work, and the IRS today urged taxpayers to be on the lookout for a spring surge of evolving phishing emails and telephone scams. The IRS is seeing signs of two new variations of tax-related scams. One involves…

Paid Family and Medical Leave Tax Credit

A tax credit for wages paid to employees taking FMLA leave may generally be taken by employers who have a written paid family and medical leave policy that: Provides all qualifying full-time employees—employees who have been employed for a year or more and who had compensation of not more than $72,000 in the preceding year—at…

IRS Kicks Off 2019 Tax-Filing Season

IR-2019-07, January 28, 2019 WASHINGTON ― The Internal Revenue Service successfully opened the 2019 tax-filing season today as the agency started accepting and processing federal tax returns for tax year 2018. Despite the major tax law changes made by the Tax Cuts and Jobs Act, the IRS was able to open this year’s tax-filing season…